SBI Share Price Surges as Board Approves Fund Raising of ₹60,000 Crore Via Bonds and Other Debt Securities

The Central Board of State Bank of India (SBI) has approved a plan to raise ₹60,000 crore through the issuance of debt instruments.  

The decision was made during a board meeting held on June 18, 2026, and is subject to government approval where necessary. 

Details of the Fund Raising Plan 

SBI's board has sanctioned the raising of funds in Indian Rupees (INR) or any other convertible currency.  

The fund raising will be executed through the issuance of debt instruments, including Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, and Basel III compliant Tier 2 Bonds. 

The total amount to be raised is ₹60,000 crore, targeting both Indian and overseas investors. The funds will be raised through public offers or private placements during the financial year 2026-27. 

Read More: ONGC Subsidiary OPaL Approves ₹4,471 Crore NCD Fundraise; Shares End Over 2% Lower! 

Regulatory Compliance and Approval 

The fund raising initiative is in compliance with SEBI regulations and awaits necessary approvals from the Government of India.  

This move is part of SBI's strategy to strengthen its capital base and support its growth objectives. 

State Bank of India Q4 FY26 Earnings 

State Bank of India reported a steady performance for Q4 FY26, as full-year growth expansion offset a marginal sequential decline in consolidated quarterly results.  

In the March 2026 quarter, total income rose 0.8% YoY to Rs 1,81,079.02 crore but fell 2.5% QoQ, while net profit grew 1.1% YoY but dropped 7.8% QoQ to Rs 20,161.30 crore.  

Conversely, the full-year FY26 results showed positive expansion, with total income rising 7.0% YoY to Rs 7,09,616.96 crore and net profit increasing 7.8% YoY to Rs 85,168.47 crore. 

State Bank of India Share Price Performance 

As of June 18, 2026, at 1:47 PM, State Bank of India share price on NSE was trading at ₹1,040.20, up by 1.33% from the previous closing price. 

Conclusion 

SBI's board has approved raising ₹60,000 crore through bonds, including Basel III compliant bonds, for FY27. The decision, made on June 18, 2026, is subject to government approval and aligns with SEBI regulations. 

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